Rockshield (CSE: RKS) (OTC: RKSCF) (FSE: 6BC) has announced its entry into a letter of intent (“LOI”) with Novel Agri-Technologies Inc. dated April 23, 2020. Pursuant to the agreement, Rockshield will assume Novel’s contractual rights to acquire 100% of Sapientia Technology Inc., 100% of a pulse processor and 75% of Boku International Inc. (combined the “target companies”) in furtherance of its previously disclosed updates to its investment policy to focus on plant-based foods, food alternatives and vegan-friendly alternatives with sustainable competitive advantages. “These investments cement Rockshield’s entrance into the rapidly expanding plant-based industry. Rockshield aims to not only provide shareholders with a comprehensive seed-to-market operation led by a proven team with 100 years cumulative sector-specific experience, but also large-scale revenue and immediately accretive positive cash flow,” said Nick Demare, Rockshield’s director. “These companies are creating the future of plant-based foods and, with an operation ranging from raw ingredients to premium CPG products, Rockshield is in a position to capitalize on the entire value chain and generate significant EBITDA for shareholders. This investment establishes a strong foundation for the company’s continued growth in the plant-based sector.”
To view the full press release, visit https://ibn.fm/kmk4L
About Rockshield Capital Corp.
Rockshield is an actively managed venture capital fund and merchant bank, focused on small-cap high-growth companies. Rockshield’s management team has been seed financing and investing in early stage venture companies for over the past 20 years and performs extensive due diligence as it looks to build a portfolio of opportunistic investments with the aim of generating superior long-term returns while managing risks. Leveraging the vast professional network and experience of the management team, Rockshield has early access to private and public deals and reviews hundreds of deals a year selecting only those with the best potential returns. For further information regarding Rockshield, see its disclosure documents on SEDAR at www.SEDAR.com.
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